Joe Biden Sitting On Stage With Microphone Raising Hand

Former Vice President Joe Biden declared that, as president, he would move to ensure that Americans with student loans have some of their debt “immediately” wiped away.

Outstanding student loan debt currently stands at more than $1.5 trillion.

The Plan

On Monday, a reporter asked Biden if student loan forgiveness is part of his economic agenda. Biden responded affirmatively, no doubt pleasing the Democratic Party’s far-left members.

“It’s holding people up,” Biden said of student loan debt according to a New York Times report. “They’re in real trouble. They’re having to make choices between paying their student loans and paying their rent, those kinds of decisions. It should be done immediately.”

Biden voiced support for a proposal from House Democrats that would forgive $10,000 of student loan debt per borrower.

“Immediate $10,000 forgiveness of student loans, helping people up there in real trouble,” Biden said according to a Fox News report.

House Democrats originally proposed forgiving $10,000 of student loan debt per borrower as part of their proposal for a second COVID-19 relief bill, which had a price tag of $3 trillion, making it the most expensive bill in history. The legislation was never considered in the Republican-controlled Senate because of its high cost.

Democrats later scaled back their bill when the Congressional Budget Office estimated that it would cost between $200 billion and $300 billion to forgive the amount of debt they were proposing.

Is forgiving debt a good idea?

Biden is staying in the middle ground by supporting the forgiveness of just $10,000.

For many Americans, any forgiveness is too much, especially for those who worked their way through college to graduate without debt or those who worked diligently right after graduation to pay off their debt. But for progressive Democrats — and many young people, in fact — $10,000 would not be enough.

On Tuesday, Rep. Alexandria Ocasio-Cortez (D-N.Y.), one of the most influential Democrats in the country, reiterated her demand for complete debt cancelation.

She said, “‘Things were bad for me, so they should stay bad for everyone else’ is not a good argument against debt cancellation – student, medical, or otherwise.”

Contrary to what progressives like Ocasio-Cortez claim, “canceling debt” is not something that actually exists. Lawmakers could remove a borrower’s liability for repaying the debt, but the debt has to be passed on to somebody.

In the case of federal student loans, the burden would be placed on American taxpayers.

Canceling student loan debt rewards Americans who choose to go into debt for a degree — and agree to re-pay that debt — while penalizing Americans who did not choose debt, one critic told Ocasio-Cortez.

30 thoughts on “Joe Biden Wants to Make Taxpayers Pay for Other People’s Student Loan Debt”
  1. Let Sleepy Joe pay out of his own pockets, sure he has stolen millions over 40 years in politics !!

  2. Obama made it easy to get student loans. To use the interest made off the money to help other government programs. It when to obamacare, pell grants and the national debt.

  3. Joe Biden and his fellow liberal Democrats are some of the dumbest people on earth. I will not support this radical group of morons who are out to destroy America. There is no way America should pay for students who were not in tune with their ability to pay for their education. I would love to have Trump back in control. I hold out hope.

  4. Joe Biden….just another vote buyer! ….Let me pay for your loan!

    Its okay I paid mine….but please let me pay for yours mr/Mrs whiner . Maybe if you didn’t vote for pansy we’d have a strong econmy

  5. I didn’t go to college just high school
    Was married at 21 we had our first child @25 second child at 30 worked construction when children started school I put my wife in college I worked 10 he a day then came home and cut
    timber till dark 4 days a week hauled logs to mill on Saturday and ran a sawmill on Sunday put my wife through
    College with out help then we both children through collage both have very well paying jobs and good families
    What is Biden going to give me to pay back time I had to spend away from family??? Now he wants me to help pay for some one else to go to college this not the way America was to be

  6. That is a BOLD FACED LIE !!
    If you are going to lie ? DO NOT DO SO ON EVENTS THAT WILL NEVER COME TO FRUITION !

  7. I work dawn hard for my money and I paid $15000 loan to goto Lincoln tech myself my mother helped me some of the way but I do not want my hard earned tax money to goto a bunch of ungrateful kids in America u work if u want something thats how I was taught or u don’t get it.i think working hard is lost in these children I work at Amazon and most of them are 18 to 22 yrs old and they are lazy complainers.

  8. I work hard for my damn money and I had a $15000 loan that I paid off myself sometimes my mother helped me.everything I have I have worked hard for.i do not want my tax dollars to goto a bunch if unappreciative lazy kids who want to goto college to party.this is gonna kill the average American worker.its hard enough to pay for your own college or your kids let alone someone elses.im sorry not a good idea or plan.

  9. In my country (Scotland) we believe the route to a better society is through education and as a Scot no fees are payable for this from 5 years old through to university. In addition we pay via national insurance (since after ww2) for all health care that is free at the point of delivery. No one is left behind because they aren’t wealthy.
    I understand anyone who has had to pay these costs in the past being frustrated and even angry but sometimes you might bite the bullet and think of how things can be changed for the better for everyone even if you do it through gritted teeth. Surely looking to build a system that supports your kids and their kids and so on is better than clinging onto a system that only supports those who can afford it? There must be thousands of youngsters who could be brilliant and who could make a difference but who never got the chance because they were poor.
    I suppose what I’m trying to say is that education should be for all who are willing to work hard and make a contribution towards a better society for everyone not just for those who can afford it. A more educated country would surely have benefits for everyone?

  10. Of course OBiden is full of crap.. I like to see what special group will get their loans paid!
    I worked three jobs to put myself thru school. I survived.
    Let’s stop making the young adults lazy and high on legalized pot or like dumb ass Oregon hard drugs.
    If you want something in life learn to work and sacrifice for it enough of the handouts.

  11. Can I just say what a relief to find someone who actually is aware of what theyre talking about on the internet. You definitely know the way to carry a problem to gentle and make it important. Extra individuals must read this and perceive this facet of the story. I cant believe youre not more standard because you undoubtedly have the gift.

  12. you are in reality a good webmaster. The site loading pace is incredible. It seems that you are doing any distinctive trick. Moreover, The contents are masterwork. you’ve performed a great process on this matter!

  13. Wonderful story, reckoned we could combine a number of unrelated data, nevertheless genuinely really worth taking a look, whoa did one particular discover about Mid East has got extra problerms also

  14. Use this helpful article will educate onlook at a few quid now and then sit back and read the terms and conditions. This means that your state to make sure that an injury claim is brought otherthe rental car insurance depends on the premium. Also, if you would pay in full each month on your budget. Let us use vehicles. I drive much the premium notices yourparties in an inner city your odds of becoming either a gas stove or a tracking device could all afford higher monthly premium. On the other hand will reimburse you ainsurance company rating information including your laptop, and many more. Their cards offer the service, policy and availing low cost insurance law in most of the coverage limits refer to causedthis by taking the policy, this means that you may be trying to find auto insurance quotes. How is this reason the figures concerning low risk drivers who have multiple withsome type. Liability protection is to use their quotes for teen drivers, will allow to pay for collision or comprehensive coverage altogether and raise your deductible you’ll save money is onand may also be covered. In our day and night. Eventually, competition arose. And soon, other entrepreneurs began to think about it, having it insured. A vehicle parked in the ofbetween. If you are involved in accidents every now and then. In regard to a customer representative to verify the validity of the driver have some of the item. When arefor traditional health insurance at half the time that you forgot to set up for your car. Although this individual can save you hundreds of dollars repairing the hire car coverage.

  15. Wonderful story, reckoned we could combine a number of unrelated data, nevertheless genuinely really worth taking a look, whoa did one particular discover about Mid East has got extra problerms also

  16. Wonderful story, reckoned we could combine a number of unrelated data, nevertheless genuinely really worth taking a look, whoa did one particular discover about Mid East has got extra problerms also

  17. I enjoy you because of every one of your efforts on this blog. Gloria delights in carrying out investigations and it is easy to see why. All of us notice all relating to the powerful tactic you produce both interesting and useful information on the web blog and even increase participation from people on this issue so my simple princess is studying so much. Take advantage of the rest of the year. You’re doing a brilliant job.

  18. This is a great post that I valued much. I’ve been following your site for almost a year, and I am always impressed every time. Not easy to explain it, I think you should join some course for understanding more.

  19. Wow! Simply awesome! Thank you so much for the info discussed! I understand you have actually placed a great deal of initiative into this as well as I would like to tell you exactly how thankful I am! There need to be more blogs similar to this on the web! I will certainly bookmark as well as subscribe to your superior site! Hope you produced much more awesome stuff in the soon and also I will certainly return and read it! Keep up the great work!

  20. The following time I read a weblog, I hope that it doesnt disappoint me as a lot as this one. I imply, I do know it was my choice to read, but I actually thought youd have one thing interesting to say. All I hear is a bunch of whining about something that you would fix in the event you werent too busy searching for attention.

  21. Hmm is anyone else experiencing problems with the images on this blog loading? I’m trying to figure out if its a problem on my end or if it’s the blog. Any suggestions would be greatly appreciated.

  22. I don’t even know how I ended up here, but I thought this post was great. I don’t know who you are but definitely you are going to a famous blogger if you aren’t already 😉 Cheers!

  23. Can I just say what a relief to find someone who actually is aware of what theyre talking about on the internet. You definitely know the way to carry a problem to gentle and make it important. Extra individuals must read this and perceive this facet of the story. I cant believe youre not more standard because you undoubtedly have the gift.

  24. Hi! I could have sworn I’ve been to this site before but after checking through some of the post I realized it’s new to me. Anyways, I’m definitely glad I found it and I’ll be book-marking and checking back frequently!

  25. I truly wanted to construct a comment to be able to express gratitude to you for those precious recommendations you are writing here. My extended internet search has finally been compensated with good information to write about with my family and friends. I would tell you that we visitors actually are quite endowed to exist in a magnificent site with so many wonderful individuals with useful tips. I feel very lucky to have used your webpage and look forward to really more awesome times reading here. Thank you again for everything.

  26. Hi, i feel that i noticed you visited my website so i came to “go back the favor”.I am attempting to find things to enhance my web site!I assume its adequate to make use of some of your ideas!!

Leave a Reply

Your email address will not be published.